Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.38 Average PT from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8.38.

Several research firms recently issued reports on PTON. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 11th. Macquarie reissued a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th.

Insider Buying and Selling at Peloton Interactive

In other news, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the sale, the director now owns 244,641 shares in the company, valued at approximately $2,111,251.83. The trade was a 6.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now owns 100,269 shares of the company’s stock, valued at $646,735.05. This represents a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 584,719 shares of company stock worth $4,958,301 over the last three months. Insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Several institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC raised its position in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after purchasing an additional 1,172 shares during the last quarter. PDT Partners LLC raised its position in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after purchasing an additional 1,373 shares during the last quarter. Comerica Bank raised its position in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers raised its position in Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after purchasing an additional 1,534 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 2.1 %

Shares of Peloton Interactive stock opened at $5.74 on Wednesday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The business’s fifty day simple moving average is $8.26 and its 200-day simple moving average is $7.41. The firm has a market cap of $2.24 billion, a PE ratio of -7.45 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, equities analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.